A new blog post on why money printing does not necessarily pump stock prices.

CB reserves by themselves are not that telling.

Warning: A balance sheet storm inside!

@JukkaLepikko @ahokasjaj @MonetaryWonk @mtmalinen

https://juliusinfinance.blogspot.com/2020/04/why-cb-balance-sheet-expansion-during.html">https://juliusinfinance.blogspot.com/2020/04/w...
@THUotila look at dem figures this time, progress?? https://abs.twimg.com/emoji/v2/... draggable="false" alt="😏" title="Smirking face" aria-label="Emoji: Smirking face">
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